How Much is Auto Insurance? (7 Factors That Influence the Price)
How much should I be paying for car insurance? Well, the price of car insurance is not fixed. It depends on many factors which determine the amount of money you need to pay for the insurance company services.
The average car insurance cost per month is $118,63, around $713 for six months, and $1,426 for the annual premium. However, it's recommended to opt for the yearly or six-month policy since you can get a significant price discount which is not included in monthly payments. Speaking of the factors that impact the price, they are associated both with the car and the driver. The insurance companies tend to make in-depth research on you and your machine, so, don't get surprised if the insurance agent shows the enormous interest in your marital status, the distance between your home and work, and your vehicle specifications. Here is the list of 7 factors that influence your auto insurance premium price – they may sound unbelievable at first, but it'll get more evident when you see the reasons.